Trade – Investment

In spite of having entered the nearest month to the Lunar New year (Tet) with its increasing demand for travel and shopping, the Consumer Price Index (CPI) of the whole country in January 2016 remained unchanged compared to December 2015 and only edged up 0.8% over a year earlier, reported the General Statistics Office (GSO) on January 24th.

(CPV) - Prime Minister (PM) Nguyen Tan Dung has agreed in principle to shift investors for the project building technical infrastructure of Que Vo III Industrial Zone (IZ) (the first phase), from Dabaco Vietnam Group Joint-Stock Company to EIP IZ Investment and Development Ltd., Co.

Fishermen in Quy Nhon city, central Binh Dinh province are enjoying a big ocean tuna catch their long offshore fishing voyage.

The Consumer Price Index (CPI) in Ho Chi Minh city fell 0.03 percent in January, compared with the previous month.

A trade policy forum was held in Hanoi on January 22nd with a focus on the Trans-Pacific Partnership (TPP), the EU - Vietnam Free Trade Agreement (EVFTA) and their impacts on Vietnamese small- and medium-sized enterprises (SMEs).

Republic of Korea (RoK) businesses have poured additional USD6.72 billion into Vietnam, making the RoK the largest among 62 foreign investors in the Southeast Asian nation.

The consumer price index (CPI) this year would rise more than in 2015 due to a number of factors, statistics official have forecast.

On January 19th, Bloomberg ran an article assessing prospects for the Vietnamese economy in 2016.

(CPV) - Prime Minister (PM) Nguyen Tan Dung has directed the building of policies to encourage the establishment of a start-up capital investment fund to develop new and hi-technology.

The Hanoi Department of Agriculture and Rural Development, Japan’s Meika Soji Group and Malaysia’s Supreme Fresh Farm SDN BHD Company have signed a Memorandum of Understanding (MoU) on supplying and exporting Hanoi agricultural products to Japan and Malaysia.

(CPV) - The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group, announced its support to the Hoi Xuan hydro power plant in Thanh Hoa province.

Vietnam’s rice exports in early 2016 will be under less pressure due to low rice inventory from 2015 and contracted rice for delivery in the first quarter of 2016 higher than the same period of the previous years, reported the Vietnam Food Association (VFA).

The Hanoi Railway Transport Company and the Japanese Tokyo Metro has agreed to join hands on developing a sustainable urban railway system in Hanoi.

A ceremony was held on January 16th in the northern Quang Ninh province to celebrate the commercial operation of the 1,080 MW Mong Duong 1 thermo power plant, in the presence of Deputy Prime Minister Hoang Trung Hai.

Measures to improve the provincial competitiveness index’s (PCI) momentum in the southern metropolis of Ho Chi Minh City was discussed at a conference on January 15th.

The Bank for Investment and Development of Vietnam (BIDV) has made its way into Global 2000, a list of the world’s largest and most powerful enterprises selected by US business magazine Forbes.

Hanoi will export agricultural products to Japan and Malaysia, under recently signed Memoranda of Understanding.

Walmart, the largest supermarket chain in the US, wishes to support women entrepreneurs across the world, including Vietnamese ones, said Jocelyn Tran, Regional Senior Director for Walmart Global Sourcing in South-East Asia.

The Department of Industry and Trade in Ho Chi Minh City presented the HCMC eCommerce Award 2015 to 10 outstanding businesses in the field on January 15th.

Deputy Prime Minister Vu Van Ninh said the real estate market has been successfully restructured and more subsidised housing made available to the poor.

In 2015, the Vietnam National Coal - Mineral Industry Group (Vinacomin) produced 37.6 million tons and consumed 35.5 million tons, including 1.26 million for export.

The Ha Tinh provincial Ho Chi Minh Communist Youth Union, in coordination with the provincial Vietnam Youth Federation and the Central Committee of the Vietnam Youth Federation, has inaugurated and handed over 10 power projects.

(CPV) - The Central Vietnam Power Project Management Board and Power Transmission Company No 2 have energized 271 Formosa-271 Ba Don line under 220kV Vung Ang-Ba Don-Dong Hoi line, and put the 220kV Ba Don substation’s AT2 transformer into operation.

Prime Minister (PM) Nguyen Tan Dung has directed the Ministry of Finance to supply (free of charge) over 3,886 tonnes of rice from the national reserve to Tuyen Quang and Nghe An provinces to support local people during the Lunar New Year 2016.

Online tax payment will likely be availabe to individuals and business households in Vietnam soon with the pilot implementation underway in three major cities.

A great number of Hanoi businesses learned about opportunities and challenges of the ASEAN Economic Community (AEC) during a discussion in the capital city on January 8th.

The stock market will see large improvements on both local markets this year, despite many problems in both local and global economic conditions, said a Vietnam Investment Securities Company analyst.

(CPV) - Vietnam’s evolving economy needs new strategies to maintain strong growth, and the Government should work with private sector importers, exporters and transport companies to improve freight logistics, said a World Bank report.

In 2016, to welcome the 12th National Party Congress and successfully realise the 10th provincial Party Congress, the southern province of Long An plans to apply breakthrough solutions for socio-economic development.

(CPV) - The Thanh Xuan underpass project, a part of the Khuat Duy Tien - Nguyen Trai - Nguyen Xien T-junction, is now ready for its inauguration ceremony.